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While the U.S. Department of Education’s College Scorecard website may be a scaled-back version of what President Obama first announced on the State University of New York’s own Buffalo campus in 2013, it will be a useful tool for providing the information students and their families need to make decisions about college costs and return on investment.

We agree with President Obama: it’s not a moment too soon for colleges and universities across the nation to be held to a standard of transparency and accountability. The bottom line is that if we really want to take a bite out of student debt, we have to help students understand the true cost of college and what it is they’re paying for. The College Scorecard, which provides new measures of student outcomes at specific colleges and universities -- including graduation rates, median salaries and loan repayment rates -- is an important step in the right direction. Increasing college completion ought to be the next.

While SUNY is proud to offer fair and predictable tuition that is the most affordable of public colleges in the Northeast, we know that controlling tuition alone will not solve the debt crisis. There must also be a strong commitment to ensuring that students finish their degrees as quickly as possible, without taking unnecessary courses and thus ringing up additional cost.

SUNY has committed to increasing the number of degrees awarded annually from 93,000 to 150,000 by 2020. We’re going to ensure that more students complete on time at lower cost. And in doing so, we will expand access to what we know is one of the most valuable commodities in today’s society: a high-quality college degree and an educational experience that has prepared each graduate for workforce success.

SUNY is already a leader when it comes to student completion and achievement, in part because we have created and expanded programs that help students get their degree. Our four-, five- and six-year graduation rates for baccalaureate students surpass those of our national public peers, and the same is true of our two- and three-year graduation rates at the associate level. We launched our own financial literacy tool, SUNY Smart Track, which ensures that students and families understand their borrowing options and responsibilities; we adopted the nation's most comprehensive seamless transfer policy; and we are significantly expanding online course offerings through Open SUNY.

However, we know that until every student completes, we have more work to do.

We recognize the need to continuously improve and welcome effective ways to do so. I am pleased to see that the metrics included in the Scorecard mirror those used to ensure quality through SUNY’s own performance management system, SUNY Excels. In fact, the 64 campuses of SUNY are currently at work fine-tuning performance plans for how they will answer a systemwide call for improved retention and graduation rates, greater financial literacy among students, expanded applied learning and research opportunities, and more. The College Scorecard could help us measure our progress on some of those goals, both within SUNY and in comparison to others nationally. It will allow us to identify the programs and interventions that really move the dial on student completion so we can take them to scale across our university system.

I am especially encouraged by the administration’s commitment to adding Student Achievement Measure (SAM) data, which accounts for the outcomes of transfer students, to the Scorecard. A large number of students move in and out of institutions or transfer without a degree, which means that many colleges and universities have a majority of students that the federal system would otherwise not count. Throughout this process, I have stressed the importance of SAM, joining my colleagues in the Association of Public and Land-grant Universities just recently in a final push to use this data because it is so vital in providing students and their families with the complete picture on degree attainment. At SUNY alone, nearly 30,000 students transfer annually among our institutions, and last year, 35 percent of all our undergraduate degrees were awarded to transfer students.

In pivoting from the original proposal to rate colleges and universities -- many of which have significantly different missions and serve vastly different student bodies -- and ultimately adding in SAM data, the Scorecard will also account for the diversity of institutions and the students they serve. As a public institution with a founding commitment to access for New Yorkers, we see transparency and accountability as fundamental to helping parents and students understand opportunities and challenges as they navigate an increasingly complex cradle-to-career pipeline.

I applaud President Obama and Education Secretary Arne Duncan for recognizing, as SUNY has, that data must be a driving factor as higher education works toward continued improvement. I look forward to working with my colleagues in higher education and with our federal partners in a continuing effort to bring to light the most comprehensive and accurate data available to help students make informed choices.